OTC:CBLUY

China Bluechem's Profit Achieves Record High in 2023, Up 45.0% Year-on-Yearly to RMB 2.382 Billion

Retrieved on: 
Sunday, March 24, 2024
Methanol, Farmer, Growth, RMB, ESG, Research, Sale, Carbon, CO2, ABS, Pollution, Fertilizer, Acrylonitrile, Chemical industry, Urea, DAP

Net profit attributable to owners of the Company grew 45.0% year-on-yearly to RMB 2.382 billion, which was the best performance since the establishment of the Company.

Key Points: 
  • Net profit attributable to owners of the Company grew 45.0% year-on-yearly to RMB 2.382 billion, which was the best performance since the establishment of the Company.
  • The Board has recommended the payment of a final dividend of RMB0.207 per share (tax inclusive) for 2023, hitting record high and representing a payout ratio of 40%.
  • As a result, China BlueChem's brand value has been enhancing continuously and reached RMB5.404 billion in 2023, up by RMB1.433 billion as compared with the previous year, which was a record-high increment.
  • Furthermore, the Company will intensify research on the resource utilization of carbon-rich natural gas and CO2 to champion carbon reduction.

China BlueChem Achieves Record-High Interim Profit, 2023 1H Profit increases by 83% to RMB 1.715 billion

Retrieved on: 
Monday, August 21, 2023
Acrylonitrile, China BlueChemical, Urea, Marketing, Methanol, HSE, Sale, Chemical industry, Risk, ESG, RMB, Renewable energy, Fertilizer

In the first half of the year, the Company's revenue decreased by 16.2% to RMB 6.176 billion.

Key Points: 
  • In the first half of the year, the Company's revenue decreased by 16.2% to RMB 6.176 billion.
  • Net profit attributable to shareholders of the Company significantly increased by 83% to RMB 1.715 billion, marking the record-high mid-year profit in the company's history.
  • Mr. HOU Xiaofeng, CEO and President of China BlueChem said, "The Company has consistently implemented its green and low-carbon development strategy.
  • This significantly drove the company's profit to grow 83% to RMB 1.715 billion, marking the highest mid-year profit in the company's history.

China Bluechem's 2022 Profit Hits 11-Year Record High Despite Market Adversity

Retrieved on: 
Wednesday, March 29, 2023
Acceleration, Urea, Agricultural science, Big data, Fertilizer, Safety, Methanol, HSE, COVID-19, Agriculture, Water, Health, PMMA, Chinese Academy of Sciences, Research, Carbon, Compound, Chemical industry, Natural gas, Organic, BASF, Climate, Growth, Environment, DAP, POM, RMB, Chinese Academy of Agricultural Sciences, Cryptocurrency, China BlueChemical

Nevertheless, China BlueChem pushed through adversity to achieve an impressive performance, making record-high profit since 2012.

Key Points: 
  • Nevertheless, China BlueChem pushed through adversity to achieve an impressive performance, making record-high profit since 2012.
  • As a result, Fudao's annual methanol production volume increased significantly and hit a record high.
  • In respect of sales management, China BlueChem grasped the market opportunities by strengthening its market study and analysis capabilities supported with scientific pricing through big data, which significantly enhanced the Company's market competitiveness.
  • In the "2022 China Brand Development Forum", China BlueChem was admitted to the official 2022 China Brand Value Evaluation List with a brand value of RMB3.971 billion, an increase of RMB772 million compared with 2021.